FairFX has announced the launch of its new global business current account aimed at SMEs.
The Fair Everywhere business account will bring together the e-banking and payments group’s expertise in international payments with services designed to make global business banking easier, faster and cheaper.
The Fair Everywhere account will allow customers to:
- manage all day-to-day business banking and international money transfers in one current account with balances in sterling, euros and US dollars
- access highly competitive foreign exchange rates on cross-border transfers, helping businesses' bottom line performance
- rely on dedicated customer service with unlimited access to a UK-based customer support team Monday to Saturday
- transact in over 210 countries worldwide with a chip and PIN secure Mastercard debit card
- fit your banking around you with the Fair Everywhere mobile app
- receive 3.5% cashback rewards from over 50 UK high street retailers simply for doing business as usual
- automate bill payments through direct debits or standing orders directly from their account.
The account will initially only be available to 1,000 customers, with existing FairFX business customers offered priority access, while other businesses can sign up to join a waiting list.
Ian Strafford-Taylor, CEO at FairFX (pictured above), said the account was for businesses that did not see barriers in borders.
“We've brought together the best of both our banking and currency platforms and kept it simple with a straightforward, all-inclusive price of £50 per month for an account that has been designed entirely to make it easier and cheaper for customers to manage their day-to-day finances.
"We know that most SMEs are not limited by their ambitions and as such they should not be limited by working with banks that penalise them with extortionate fees, complex pricing structures and poor service."
Ian added that it would be launching additional subscription tiers for businesses turning over different amounts and introducing a pay-as-you-go pricing option very quickly.
"With Fair Everywhere, we have taken our winning formula of combining market-leading value with quality service standards and applied it to the underserved SME banking market.
“This international business account makes it easy for SMEs to manage their day-to-day finances as well as their international payments at exchange rates that are what we believe to be the fairest around and all from a single account.
"The Fair Everywhere cards will also be issued by the FairFX Group after the group became a principal member of Mastercard in 2017, which gives us even more control over our supply chain to enhance the product and customer experience.
"This launch is a big step for FairFX towards building out our banking and payments offering, and we're excited about growing with our customers."
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
300 companies sign up to Women in Finance Charter
A total of 300 companies have now signed up to HM Treasury’s Women in Finance Charter....
Hanley Economic offers self-build product in Scotland
Hanley Economic Building Society has extended its self-build and residential mortgage offerings into Scotland with immediate effect...
Why it’s important to encourage female entrepreneurs
On Women’s Entrepreneurship Day, we honour women in business, their fearless ambition, their achievements and successes...
TSB names new CEO
The board of TSB Bank PLC – with the support of Sabadell – has announced that Debbie Crosbie (pictured above) will become its new CEO in 2019, subject to regulatory approval...
Tandem opens community beta testing for autosavings
Tandem has invited its existing app users to join its autosavings beta testing community to help test its new proposition...
Secure Trust Bank enters Right to Buy market
Secure Trust Bank Mortgages (STB) has launched into the Right to Buy market with a range of mortgages for tenants looking to purchase their existing home...
Starling announces partnership with the Post Office
Starling Bank has announced that it has partnered with the Post Office as it looks to offer every day banking services to its customers...
Close Brothers appoints new NED
Close Brothers Group PLC has named Peter Duffy as an independent non-executive director...
What’s missing from the specialist banking market?
Two months ago, Specialist Banking published a feature looking at whether there was room for more banks in the sector...
TransferWise secures £65m syndicated debt facility
TransferWise has completed a £65m syndicated debt facility with NatWest, JP Morgan and LHV Bank...
EedenBull AS names non-executive chairman
New fintech company EedenBull AS has appointed Jeremy Nicholds as its non-executive chairman of the board...